Canyon Copper Corp.

Further Drill Results Continue to Expand the Longshot Ridge Oxide Copper Deposit

    Las Vegas, Nevada (ots/PRNewswire) -

    - 0.52% Cu over 190 Ft., 1.06% Cu over 90 Ft. and 1.08% Cu over 50 Ft.

    Canyon Copper Corp. (the 'Company' or 'Canyon Copper') (OTCBB: CYOO) is  pleased to announce final results for the remaining eight drill holes from  the 33 hole program completed earlier this year on the Company's New York  Canyon copper project located in the Santa Fe Mining District, Mineral  County, Nevada. All of the recent holes confirm that copper oxide  mineralization extends throughout the Longshot Ridge deposit, with four of  the holes intersecting significant intervals of copper greater than 1%. These  intervals include: hole 06-28R 0.53% Cu over 185 ft with 50 feet averaging 1.08% Cu, hole 06-31R 0.87% Cu over 190 ft with 1.06% Cu over 90 ft, hole 06- 32C 0.66% over 83 ft with 1.09% over 38 ft and hole 06-33C 0.52% Cu over 190  ft. All of these recent holes lie within the overall zone of mineralization  referred to as the Longshot Ridge deposit.

    Final results have been received from the re-analyses of pulps generated from the 2006 drill program. The eight holes available for release include 06-26C, 27R, 28R, 29C, 30R, 31R, 32C and 33C. Reverse Circulation holes are designated "R" and diamond drill core holes are designated "C".

@@start.t1@@        Hole ID                         From(ft)         To(ft)      Length(ft)        Copper(%)
        06-26C                                  20                115                  95              0.29
        06-27R                                    0                 70                  70              0.16
        including                              55                 70                  15              0.37
                                                  290                330                  40              0.23
        06-28R                                    0                185                 185              0.53
        including                              35                 85                  50              1.08
        06-29C                                  10                 45                  35              0.28
        06-30R                                    0                 50                  50              0.23
                                                  120                225                 105              0.28
        including                            120                170                  50              0.45
        06-31R                                    0                130                 130              0.32
                                                  190                380                 190              0.87
        including                            285                375                  90              1.06
        06-32C                                  65                148                  83              0.66
        including                            110                148                  38              1.09
        06-33C                                  10                200                 190              0.52
        including                              60                 95                  35              0.84
        and                                      175                195                  20              1.50@@end@@

    The analyses of total copper content reported here were completed by ALS Chemex using their AA62 atomic absorption procedure. A thorough quality assurance/quality control protocol of certified standard reference materials, duplicates and blanks was conducted during the analytical process.

    Drill hole 06-26C is located in the north east portion of Longshot Ridge and was drilled vertically to a depth of 534 feet. Drilling intersected weak skarn alteration in siltstone and limestone of the Gabbs Formation overlying Luning Formation limestone. The hole intersected weak to moderate copper mineralization from the start of sampling at 20 feet to 115 feet and averaged 0.29% Cu over this 95 foot distance. Copper mineralization in nearby outcrop indicates that the mineralization extends from surface.

    06-27R is located in the central west edge of the tested limit of Longshot Ridge and was drilled vertically to a depth of 335 feet. Mineralization is hosted within variable skarn alteration in siltstone and limestone. Sampling returned a 15 foot interval from 55 to 70 feet that averaged 0.37% Cu and a 40 foot interval further down the hole from 290 to 330 feet that averaged 0.23% Cu.

    06-28R is located 300 feet northwest of 06-27R within a zone of strong skarn alteration of siltstone and limestone within the Gabbs Fm. The hole was drilled vertically to a depth of 345 feet and is the most westerly located hole drilled to date on Longshot Ridge. Surface workings indicate that mineralization extends at least 300 feet further west. Hole 06-28R returned a broad zone of copper mineralization extending from surface to 185 feet that averaged 0.53% Cu and included a strong zone of mineralization extending from 35 feet to 85 feet that averaged 1.08% Cu.

    06-29C is located in the northern end of Longshot Ridge and was drilled vertically to a depth of 500 feet. The hole intersected the Luning Formation limestone unit that was non to weakly altered. An interval from the start of sampling at 10 feet to 45 feet averaged 0.28% Cu.

    06-30R is located 260 feet southwest of 06-29C and was drilled vertically to a depth of 225 feet. Copper mineralization is hosted within  calc-silicate and skarn altered limestone adjacent to quartz monzonite sills.  An interval from surface to 50 feet averaged 0.23% Cu and a second interval  from 120 to 225 feet averaged 0.28% Cu. The mineralization remains open to  the north, west and at depth.

    06-31R is located in the west central area of Longshot Ridge. The hole was angled to the northwest at a dip of 60 degrees to a depth of 545 feet.  The hole intersected moderate skarn alteration within siltstone and limestone  of the Gabbs Fm. Mineralization extends from surface to 380 feet with an  upper 130 foot zone averaging 0.32% Cu and a lower 190 foot zone starting at  190 feet that averages 0.87% Cu. Included within this interval is a 90 foot  zone extending from 285 feet that averages 1.06% Cu.

    06-32C is located at the northern portion of Longshot Ridge. The hole  was drilled northwest across stratigraphy at an angle of 70 degrees to a  depth of 284 feet. The hole intersected variable calc-silicate and skarn  alteration within Gabbs Fm. Sediments. An 83 foot interval starting at 65  feet returned an average of 0.66% Cu. Mineralization appears open to the  north but may be limited by a quartz monzonite porphyry intrusion.

    06-33C is located in north central Longshot Ridge, approximately 350  feet south of 06-32C. The hole was drilled towards the northwest at an angle  of 70 degrees to a depth of 345 feet. Mineralization is hosted within  moderate calc-silicate and skarn alteration of the Gabbs Fm. Sediments. A 190  foot zone from the start of sampling at 10 feet to 200 feet averaged 0.52%  Cu, with a 20 foot zone from 175 to 195 feet averaging 1.50% Cu.

    Drilling to date at the Longshot Ridge copper deposit has confirmed and expanded on the known extent of the copper oxide mineralization, which is exposed at surface and has been tested to depths up to 400 feet. With the exception of holes 06-13R and 06-14R reported in the December 5, 2006 news release, all drill holes completed in 2006 have indicated the consistent and wide spread nature of the copper mineralization at Longshot Ridge. The recent data is being incorporated into the overall New York Canyon project database in order to develop a resource estimate of the copper content at Longshot Ridge. A plan outlining the location of drill holes at Longshot Ridge is available for viewing on the Company's website at

    About Canyon Copper

    Canyon Copper Corp.'s New York Canyon Property is located in the New  York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains open in several dimensions. The Copper Queen mineralized zone is located approximately three kilometers west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.

      On behalf of the Board of Directors,
        "Bryan Wilson"
      Canyon Copper Corp.
      Bryan Wilson, President

    Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following: the Company's ability to obtain additional financing, geological  or mechanical difficulties affecting the Company's planned geological work programs, uncertainty of estimates of mineralized material and other factors which may cause the actual results, performance or achievements of the  Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

ots Originaltext: Canyon Copper Corp.
Im Internet recherchierbar:

For further information: The IR Group, toll free: +1-888-331-9326

Weitere Meldungen: Canyon Copper Corp.

Das könnte Sie auch interessieren: